Author Question: When communicating with the audit committee and management, (Read 105 times)

jlbond23 · **on:** Aug 21, 2022

Question 1

The auditor is responsible for communicating significant internal control deficiencies to the audit committee, or those charged with governance. This communication
◦ may be oral or written.
◦ must be oral.
◦ must be written.
◦ must be oral via direct communication.

Question 2

When communicating with the audit committee and management,
◦ only material fraud and illegal acts are required by auditing standards to be communicated.
◦ all internal control deficiencies are required by auditing standards to be communicated.
◦ the communications should be made in a timely manner to allow those charged with governance to take appropriate actions.
◦ all communications with the audit committee and management must be in writing.

bball_babe_123 · **Reply #1 on:** Aug 21, 2022

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